CCC+ (Credit Rating)

A CCC+ credit rating indicates a borrower or debt instrument with a high risk of default, but slightly better than those rated lower, such as CCC or CC. While entities with a CCC+ rating are still highly speculative, they have a marginally better chance of meeting their financial obligations compared to lower-rated entities. This rating suggests that the borrower is vulnerable to adverse economic conditions, which could lead to default if they worsen. Investors in CCC+-rated debt demand high returns to compensate for the elevated risk.

Example

A struggling company might receive a CCC+ rating if it shows some potential for recovery but is still at a high risk of defaulting on its debt obligations.